Which is best MACD settings for 1 min chart?

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Which is best MACD settings for 1 min chart?

Postby NewStarS » Sun Nov 14, 2010 10:54 pm

Hi,
I am working with MACD+stoch +Bollinger band settings.

MACD (default)
Bollinger band (20,2)
Stoch (14,3,3)
EMA 10
and a MACD cross over alert indicator.

Now,the problem is, sometimes it works great,but sometimes not specially in Asian session on EUR/USD.
I get lot of whipsaw,To avoid it???

Here is one of my screenshot in Asian session.
Image
Please help.your suggestion is valuable for me.
NewStarS
 
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Re: Which is best MACD settings for 1 min chart?

Postby Edward Revy » Tue Nov 16, 2010 7:14 pm

Asian sessions most of the time require different trading systems, or at least changing of the indicator settings. Also you may consider to not trade during that session.

Speaking of MACD for 1 min EURUSD... Try MACD (20, 50, 26).
It'll filter the weak signals, but at the cost of a later entry.
Exits can be done in 2 steps:
1) 1/2 with regular faster MACD (12, 26, 9)
2) 1/2 with the slower MACD (20, 50, 26).
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Edward Revy
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Re: Which is best MACD settings for 1 min chart?

Postby NewStarS » Wed Nov 17, 2010 2:07 am

Thats really helpful.Some times i notice i am getting whipsaw in UK & US session too.
I will be trying your strategy.
Thank you.
NewStarS
 
Posts: 4
Joined: Sun Nov 14, 2010 10:49 pm


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